A)

B)

C)

Sandals Company is preparing the annual financial statements dated December 31. Ending inventory information about the four major items stocked for regular sale follows: Unit Cost Quantity When Market Value on Hand Acquire(FIFO) at Year-End $16 38 65 Product Line Air Flow $14 40 70 28 40 85 Blister Buster Coolonite Dudesly 30 Required each item. Ending Invento 2. How will the write-down of inventory to lower of cost or market affect the company's expenses reported for the year ended December 31? Cost of goods sold will be